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Northern Telecom Posts Loss
On Costs Tied to Acquisition

Dow Jones Newswires

Updated April 22, 1998 12:01 a.m. ET

Northern Telecom Ltd. on Tuesday posted a first-quarter net loss after the Canadian telecommunications-equipment maker shouldered research and development costs as part of its purchase of Broadband Networks Inc.

The company posted a loss of US$55 million, or 12 cents a primary share, compared with a year-ago profit of US$112 million, or 21 cents a primary share.